Small and medium size businesses can greatly benefit from having a board of advisors or directors that are actively helping the business owner and management team make good and timely decisions.

I had the opportunity to interview businessman Larry Karass of Stratik International who sits on the board of many successful businesses. He relates many of the benefits of having an active board and gives examples from his experience.

I learned a great deal from the interview with Larry and have a much better understanding of why a business owner would want to seriously consider creating a board of advisors who can help implement better management practices.